TMNZ is pleased to announce Lock Finance as a TMNZ partner, bringing additional finance options to our Clients to support business growth.
Many smaller businesses that require working capital to meet payments or fund growth are limited by cashflow locked up in balance sheets. They may have insufficient funding lines to existing financiers. But there is an alternative.
Lock Finance is a 100% New Zealand owned and operated finance company specialising in providing working capital facilities to the B2B market.
Lock Finance’s invoice lending and trade finance facilities can assist with providing additional cashflow to businesses that may require it. Businesses require working capital for a number of reasons. Sometimes the bank is not able to help.
Lock Finance has greater flexibility than banks – and both banks and accountants will often refer clients to them where the client has a need that cannot be met with traditional finance. The company tends to focus on the overall business position to assess security rather than serviceability, and can put together deals that require a higher level of engagement than a bank is willing to provide.
Lock Finance provides facilities that can help a business to meet its overheads and creditor payments. Tax obligations are critical payments that also need to be made and while Tax Management NZ (TMNZ) can assist with a business’s provisional tax payments, they can’t help with non-audit GST or PAYE arrears or future GST or PAYE payments. Lock Finance have assisted a number of businesses with this.
As the only finance company in New Zealand that provides working capital, trade finance, debtor finance and factoring, Lock Finance is well positioned to respond to a company’s ongoing business needs. This integrated combination makes them one of New Zealand’s leading business funding providers.
If you are a B2B company and need some additional working capital funding or a professional advisor looking for a solution for a client of yours, please contact Lock Finance direct.
General Manager Lending
D/D: 09 375 8502
Mob: 0274 764 297